Anti-Money Laundering Council (AMLC) Resolution No. 87 dated 25 October 2006

CIRCULAR LETTER NO. CL-2006-038

To: All Banks and Non-Bank Financial Institutions Under BSP Supervision

Subject: Anti-Money Laundering Council (AMLC) Resolution No. 87 dated 25 October 2006

The Government of the United States of America, through its Embassy in Manila, requests the Philippine Government to check carefully for any funds, financial assets or economic resources, including property or interests in property owned or controlled, directly or indirectly by ABOUSOFIAN ABDELRAZIK or by persons acting on his behalf and to freeze the same should any be found.

Mr. Abousofian Abdelrazik is a Canadian and Sudanese citizen of Sudanese origin who is closely associated with Abu Zubaydah, Usama Bin Laden's lietenant.  Mr. Abdelrazik is responsible fore recruiting and for al-Qaida's network of training camps in Afghanistan.  He is also a member of an extremist cell in Montreal, Canada and is closely associated with Ahmed Ressam and Abderraouf Jdey.  Mr. Ressam attempted to attack the Los Angles International Airport in January 2000 while Mr. Jdey has been closely linked with al-Qaida operatives and was involved in plans for conducting hijacking and terrorist operations.

Pursuant to the US Government's request, the Anti-Money Laundering Council (AMLC), in its Resolution No. 87 dated 25 October 2006, copy attached, requires all banks and non-bank financial institutions under BSP supervision, to submit directly to the Council reports of covered or suspicious transactions, if any, involving ABOUSOFIAN ABDULRAZIK or persons acting on his behalf, in accordance with Sections 7 and 9 of the Anti-Money Laundering Act (AMLA) of 2001, as amended, and Rule 9.3 of the Revised Implementing Rules and Regulations and other related or applicable rules, regulations, circulars and operating manuals promulgated by the Supervising Authorities.

For your strict implementation.

NESTOR A. ESPENILLA, JR. Deputy Governor